Laissez-Faire, Social Darwinism, and Their Critics

American industrialization developed as rapidly as it did in large part because it was reinforced by traditional ideas and values. The notion that hard work and diligence would result in success meant that individuals felt justified, even duty-bound, to strive to achieve upward mobility and accumulate wealth. Those who succeeded believed that they had done so because they were more talented, industrious, and resourceful than others. Thus prosperous businessmen regarded competition and the free market as essential to the health of an economic world they saw based on merit. Yet these same businessmen also created trusts that destroyed competition, and they depended on the government for resources and protection. This obvious contradiction, along with the profoundly unequal distribution of wealth that characterized the late-nineteenth-century economy, generated a good deal of criticism of business tycoons and their beliefs.